Capital Ideas - The History of the Development of CAPM
www.theinquisitiveinvestor.org
I picked up Peter Bernstein's Capital Ideas over the weekend. If you deal with systematic investments or risk management, it is a fascinating history of the development of the ideas that underlie quantitative finance today. I still have about two thirds of the way to go but two things stood out for me so far. The first is the iterations over which the Capital Asset Pricing Model developed. And the second is the realisation that making money in capital markets has always been hard, despite protestations to the contrary by today's fund managers.
Capital Ideas - The History of the Development of CAPM
Capital Ideas - The History of the…
Capital Ideas - The History of the Development of CAPM
I picked up Peter Bernstein's Capital Ideas over the weekend. If you deal with systematic investments or risk management, it is a fascinating history of the development of the ideas that underlie quantitative finance today. I still have about two thirds of the way to go but two things stood out for me so far. The first is the iterations over which the Capital Asset Pricing Model developed. And the second is the realisation that making money in capital markets has always been hard, despite protestations to the contrary by today's fund managers.